Pacific Brands seems to be heading for the 61.8% Fib at $0.67 which is also close to the bottom of both relevant channels (both descending). RSI on d1 chart (pictured) is already in oversold territory and diverging with price and RSI on w1 chart is getting there. Good point to buy at imo. Tight stop loss with short term targets ranging from about $0.82 to just under a dollar. TA discussion invited!
Hans
PBG Price at posting:
76.0¢ Sentiment: ST Buy Disclosure: Not Held
